FINANCIAL HEALTH Economic flux hurts more than our wallets. Financial woes can lead to emotionally damaging arguments among couples and put unnecessary strain on the family, said Josh Klapow, PhD, a clinical psychologist and professor at the University of Alabama at Birmingham. Dr. Klapow is the author of Living Smart: 5 Essential Skills to Change […]
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FINANCIAL HEALTH Good money management habits start early. In fact, even preschool age children can begin to learn about money and how to use it responsibly. Parents and caregivers have the power to teach children about proper spending, saving and sharing from a young age. Preschool age * Use play money to “buy” items. *
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WELL-BEING Going overboard on one shopping trip, especially around the holidays, does not mean you have a shopping addiction. It’s normal to overdo it once in a while. And, everyone buys things that aren’t truly needed at times. But, if you think you or a loved one might have a shopping addiction, there is help.
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FINANCIAL HEALTH When temperatures drop, energy bills are higher. Duke Energy offers some simple energy (and money) saving tips: * Check your heating system’s ductwork to ensure that it is well insulated and completely covered. Ductwork should be properly sealed and not allowed to hang loose under the house. * Keep your thermostat at a
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FINANCIAL HEALTH In the U.S., we throw out millions of tons of food each year. Most people have thrown out food that spoiled or was simply never eaten. This harms the environment because it adds up to more waste, and it’s also harmful to your budget. It’s a lot like throwing money in the garbage!
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FINANCIAL HEALTH Smart money management begins at home. Washington University researcher Michal Grinstein-Weiss found that teaching kids about money in childhood helps them better manage their mortgage loans as adults. The study was in Social Work Research. The professor offers 5 ways parents can teach their kids financial literacy: 1. Discuss and explain basic finances
FINANCIAL HEALTH It can feel like a dark cloud hanging overhead – the upcoming expense of your child’s college education. Whether your child is one month or 16 years old, it’s never too late to start putting some money away to invest in your child’s future. 529 college savings plans A 529 allows you to
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FINANCIAL HEALTH Do finances keep you awake at night? If so, you’re not alone. More than 75 percent of Americans say money is a big source of stress, according to the American Psychological Association (APA). Although we can’t always change our financial problems right away, we can learn to cope with this type of stress.
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FINANCIAL HEALTH Many people have bought something at the store that they didn’t plan to get. If you buy something simply because you see it and want it, this is called an impulse buy. Some estimates show that the average American spends a few thousand dollars a year on impulse buys. These purchases can add
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FINANCIAL HEALTH Do you want to take control of your financial life? It’s up to you to understand your own money, says investment advisor Paul Taylor, a member of the National Ethics Bureau. Taylor offers the following suggestions: For your cash flow, keep in mind the four A’s: Accounting, Analysis, Allocation, and Adjustment. The four
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